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In February 2001, Arvind Mills announced a debt restructuring plan for its long term debt Refer Box While the company set itself a minimum debt buyback target of Rs 55 billion, the management was hopeful of a larger amount, possibly Rs 75 billion In mid-2001, Arvind Mills got the approval of a majority of the lenders for its debt ....

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Punit and Kulin Lalbhai were schoolboys, aged 16 and 13, when Arvind Mills came close to bankruptcy in 1998 The Lalbhai group flagship had piled up huge debts to finance capacity expansion, just at a time when demand for its main product, denim, went on a decline and managing director Sanjay Lalbhai was in negotiations with 85 domestic and international lenders to restructure the debt...

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Dec 23, 2018 0183 32 About Arvind Mills Arvind Mills is the flagship company of Arvind group, started in 1931 Its aim is to provide high quality fabric This textile company is based in Ahemdabad, Gujarat It owns brands like Newport, Excalibur, Flying Machine and has liscensed Tommy Hilfiger, Arrow for ,...

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